India Yamaha Motor produces 1 millionth scooter

Out of the total demand of two wheelers in India, the scooter segment is soaring with 30 percent contribution to the two-wheelers sales and IYM is targeting 10 percent market share in scooters by the end of this year.ETAuto | August 12, 2016, 17:30 IST

NEW DELHI: Indian arm of Japanese two wheeler manufacturer Yamaha Motor (IYM) has produced its one-millionth scooter in the country at its Surajpur plant in Greater Noida on Friday. The one-millionth scooter is the 'Fascino'.

Out of the total demand of two wheelers in India, the scooter segment is soaring with 30 percent contribution to the two-wheelers sales and IYM is targeting 10 percent market share in scooters by the end of this year.

Commenting on this achievement, Hiroaki Fujita, Chairman, IYM, said, "This is a significant landmark for Yamaha in India. The roll out of the one-millionth scooter in India is a reflection of Yamaha's increasing footprints in India in the scooter segment and we are confident that will be able to further reinforce our position in the market. Both our plants at Surajpur and Chennai have performed exceedingly well, contributing to the company's expanding customer base & business".

Out of the one million scooters produced, around 80,000 scooters have been exported to the global markets. The major overseas export countries for Yamaha are Nepal, Mexico, Sri Lanka followed by Cost Rica, Dominican Republic and Ecuador. Cygnus Ray Z has been the highest selling scooter in the export market. The scooter models are being exported from both the plants.

This year, IYM's target is to produce 1 million vehicles, out of which 4.6 lakh units will be scooters. The two-wheeler market in India has been growing constantly over the last decade owing to political stability, economic prosperity and the resulting employment generation. The market reached 16 million units in 2015 and is expected to continue to grow at a decent pace going forward, led by scooter segment. IYM has seen rapid growth in sales numbers with 2016 first half sales growth at 45 percent over last year and scooters sales witnessing a growth of 94 percent versus previous year.

Packed with 50+ safety and security features, 30+ premium features and 20+ pioneering technologies, the Jeep Compass is manufactured in FCA’s joint venture manufacturing facility in Ranjangaon, near Pune, and is made of 65% locally sourced components.